United States Government Moves $2 Billion in Seized Bitcoin
29.07.2024 19:57 1 min. read Alexander Stefanov
The U.S. Government recently transferred over $2 billion worth of Bitcoin (BTC) from the cache seized from the Silk Road dark web marketplace.
This transfer is one of the largest Bitcoin movements by the government in recent history and has caused a stir in the market.
Arkham Intelligence data reveals the transfer is associated with the wallet labeled “U.S. Government: Silk Road DOJ Confiscated Funds (bc1qj).” This wallet moved roughly 29,800 BTC.
The first transfer involved 27,799 BTC, while the second was a smaller transfer of 0.001 BTC to a different wallet.
Despite the transparency provided by on-chain data, the motives behind these transfers remain unclear. This action by the U.S. Government follows the German Government’s recent conclusion of its Bitcoin selloff.
-
1
Bitcoin Dominates Crypto Space as Altcoin Rally Fizzles Out
29.03.2025 9:00 2 min. read -
2
Donald Trump Sons Enters Bitcoin Mining with New Partnership
31.03.2025 14:00 2 min. read -
3
Bitcoin Whale Resurfaces After 8 Years, Moving $250 Million
23.03.2025 13:00 1 min. read -
4
Brazil’s Central Bank Dismisses Bitcoin Reserve Idea Despite Legislative Push
01.04.2025 11:00 2 min. read -
5
Bitcoin Accumulation Phase Signals Potential Price Rise, According to CryptoQuant
31.03.2025 20:00 1 min. read
Bitcoin Breaking Out? Analysts Say the Downtrend’s Cracking
After weeks of uncertainty, the bearish grip on Bitcoin may finally be easing, according to a recent analysis by crypto research firm Swissblock.
Bitcoin ETFs Rebound With $107M Inflows, Ethereum Sees No Movement
On April 17, 2025, U.S. spot Bitcoin ETFs experienced a significant uptick in inflows, while Ethereum ETFs saw no net movement, according to data from Farside Investors.
The Silent Bull Run: Bitcoin Climbs, Retail Stays Quiet
Bitcoin has soared to new heights in 2024, yet the excitement that once accompanied these milestones is strangely missing. Instead of wild rallies and viral trading crazes, the current market feels almost businesslike—more calm than chaos.
U.S. State of Oklahoma Ends Bid to Create State Bitcoin Reserve
Oklahoma is stepping away from its bid to create a state-managed Bitcoin reserve after a closely watched proposal failed to clear a key hurdle in the State Senate.
-
1
Bitcoin Dominates Crypto Space as Altcoin Rally Fizzles Out
29.03.2025 9:00 2 min. read -
2
Donald Trump Sons Enters Bitcoin Mining with New Partnership
31.03.2025 14:00 2 min. read -
3
Bitcoin Whale Resurfaces After 8 Years, Moving $250 Million
23.03.2025 13:00 1 min. read -
4
Brazil’s Central Bank Dismisses Bitcoin Reserve Idea Despite Legislative Push
01.04.2025 11:00 2 min. read -
5
Bitcoin Accumulation Phase Signals Potential Price Rise, According to CryptoQuant
31.03.2025 20:00 1 min. read
